I know you said Broward, but just thought I'd add that I think www.dreia.org is worth the trip at least once!

Profit margins that small are not worth all of the risk.

The benefits of the 401k, however, are mostly focused on higher contributions, which must come from the income of the business that is sponsoring the plan, so if you are selling $1500 on eBay, is it really worth going through the process of establishing and administering a Solo 401k?  

And that one risk, is the same one that landed me a job with a local investment bank when I penned a letter directly to the chairman of the board ripping apart his old school view on education after an interview that aired on public television.April 2010: After rising thru the ranks at the bank, I realized the investment banking culture was too cutthroat, and simply not right for me. 

So if it's a home worth 100k, and you got a mortgage on it, they give you 80k, you have 20k in equity, and you pay them back the 80k over then next 30 years, with interest.

Your upgrades may not be worth a whole lot if the rest of the comps are low, unfortunately.

After his passing, I inherited a townhouse in Brooklyn worth 900k.

Double the congratulations from Ron, and a preemptive welcome to Asheville.I was in a similar situation last year and just asked the tenants what they thought- they said I could give them a free month's rent and that would be worth the hassle for them finding a new place and moving.

If we want to look at return on capital, the rate is much lower, because at the end of 4 years we'll have an asset worth ~$35,000 (if sold in a package to an investor) returning ~$4300 annually, but that is still a 12% return on capital.

The typical buyer is 1031 exchange, retiree, estate planning, foreign buyer, or ultra high net worth that wants cash flow but safety so will take reduced yield for quality.We stick to strong suburban to urban locations.